Question

A storekeeper sold a wrist watch for $660, including a sales tax of 10%.If the cost price of the watch is $500, what is the percentage profit for shopkeeper?

Answer 1

This is your answer.h ope this helps u

Answer 2

Let the original SP be x

Including 10% tax ( ie. x + (10x/100 ) )

x+ 10x/100 = 660

x = 600. (Excluding tax)

ie. SP = 600 , CP = 500

Profit = SP - CP = 100

P% = (P/CP) * 100

= (100/500) * 100

= 20%